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This document outlines the terms and conditions for the sale of timber from National Forest lands, specifying obligations for the purchaser regarding cutting, scaling, and removal of timber, as well

How to fill out timber sale contract

How to fill out TIMBER SALE CONTRACT

1. Title the document as 'Timber Sale Contract'.
2. Include the date of the agreement at the top.
3. State the names and addresses of both the seller and the buyer.
4. Describe the property where the timber is located, including legal descriptions and boundaries.
5. Specify the types of timber to be sold (e.g., species, quality).
6. Indicate the quantity of timber by volume or weight.
7. Outline the sale price and payment terms (e.g., upfront payment, installation of payment plan).
8. Set terms for the contract length and any extensions.
9. Include responsibilities for logging, transportation, and site restoration.
10. Provide conditions for inspection and acceptance of the timber.
11. Include any legal requirements or regulations applicable to timber sales.
12. Signatures and dates from both parties must be at the bottom.

Who needs TIMBER SALE CONTRACT?

1. Landowners looking to sell their timber.
2. Timber buyers or logging companies interested in purchasing timber.
3. Foresters or consultants managing timber assets.
4. Legal professionals involved in property and land transactions.
5. Financial institutions offering loans against timber sales.

People Also Ask about

How much is 5 acres of pine trees worth?

"If a landowner plants five acres of pine trees today and manages it the way it should be managed, he or she can expect a return of $25,000-plus -- it could be much more than that -- when it matures at 35 years of age," Traugott said. "Timber buyers routinely purchase tracts of five acres or less."

What is a timber contract?

A written timber sale agreement or contract is generally the preferable and safest method of selling timber. A written contract is a legally binding document that protects both the buyer and the seller (the landowner) from misunderstandings that may develop in the absence of such an agreement.

How much do logging companies pay for timber?

How Much Money is an Acre of Timber Worth? Pine Timber Values/Acre YearPlantation*Natural 2017 $1,542 $1,618 2018 $1,694 $1,738 2019 $1,566 $2,0551 more row

How do you handle timber sales on a tax return?

How to report sale of lumber using Capital Gains - Schedule D: You may receive income by cutting timber and opting to treat that cutting as a sale, or by disposing of standing timber, which is known as stumpage. In this case the income is treated as a Capital Gain and is reported by the taxpayer on their Schedule D.

What trees are worth money for logging?

Walnut trees are always one of the most demanded trees in the wood industry. Oaks, maples, cherry, and ashes are also valuable trees. A high-quality veneer tree with a large diameter can be worth a lot but they are rare. A common rule is the bigger the log, the more it is worth.

How much is 100 acres of timber worth?

A 100-acre natural stand might be valued at $196,000–$216,800, with thinnings at $66,400–$75,700.

How much does timber profit per acre?

Using current timber market prices one acre of slash pine at age 25 is estimated to produce timber benefits of up to $8,314 per acre (Table 1).

How do I sell timber on my property?

You can advertise your timber through local timber markets, mills, or logging companies. You can also reach out to forestry organizations and associations for recommendations on reputable buyers.

For pdfFiller’s FAQs

What is TIMBER SALE CONTRACT?

A Timber Sale Contract is a legal agreement between a seller and a buyer regarding the sale of timber, detailing the terms and conditions of the sale.

Who is required to file TIMBER SALE CONTRACT?

Typically, both the seller and the buyer are required to file the Timber Sale Contract, especially if the transaction involves public land or requires regulatory approval.

How to fill out TIMBER SALE CONTRACT?

To fill out a Timber Sale Contract, parties should provide detailed information about the timber to be sold, including species, quantity, description, sale terms, payment structure, and any additional conditions agreed upon.

What is the purpose of TIMBER SALE CONTRACT?

The purpose of a Timber Sale Contract is to establish clear terms for the sale of timber, protect the rights of both parties, and ensure compliance with legal and regulatory requirements.

What information must be reported on TIMBER SALE CONTRACT?

Typically, a Timber Sale Contract must report information such as the names of the buyer and seller, descriptions of the timber, sale pricing, payment terms, delivery conditions, legal descriptions of the land, and any specific provisions relevant to the sale.